Interest free student loans? Sounds too good to be true right…. Well it’s in fact not. It’s not uncommon for some charities, ethnic organizations, and or religious organizations to offer low- or no-interest student loans for college. Listed below are some of the organizations we found offering low or no interest student loans for college.
Central Scholarship Bureau
Makes loans of up to $10,000 each year for no more than four years to meritorious students from Maryland whose families have adjusted gross incomes of less than $91,000.
http://www.centralsb.org/
Abe and Annie Seibel Foundation
Makes 800 loans of up to $6,000 annually to Texas residents attending a Texas college who have good grades and test scores. (409) 770-5665.
The Scholarship Foundation of St. Louis
Makes about 630 loans annually of up to $5,000 a year for meritorious students who come from parts of Missouri and Illinois and whose families have EFCs of under $12,000. http://www.sfstl.org/
Evalee C. Schwarz Charitable Trust for Education
Makes loans of up to $15,000 a year for students who will be attending an in-state school with expected family contributions of less than $4,000, high test scores and grades, and no plans to become lawyers. http://www.evaleeschwarztrust.org/index.html
Hattie Strong Foundation
Makes about 125 new loans annually of up to $5,000 for meritorious and needy fourth-year college students. http://www.hmstrongfoundation.org/
Bill Raskob Foundation
Makes about 100 loans annually (although the number varies considerably) averaging $5,000 a year to U.S. citizens attending accredited American colleges who have finished their freshman year. http://www.billraskob.org/
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